3261 results returned for search: "" category ("International Business" AND "Business")
Bermuda-based Kingate Management Ltd had just three employees purportedly running an operation that fed $1.7 billion to con man Bernard Madoff’s company in New York and racked up hundreds of millions of dollars in fees.
More light has been shed on Ki...
DATE: Jul 06, 2011
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CATEGORY:
International Business
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LONDON (Reuters) HSBC Holdings Plc is poised to axe about 700 jobs in its UK retail bank arm, as swingeing staff cuts begin in earnest at banks across Europe stung by a limp economic recovery, trading woes and tougher regulation.
The fresh round of ...
DATE: Jul 01, 2011
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CATEGORY:
International Business
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CHEYENNE/ATLANTA (Reuters) - The secretive business havens of Cyprus and the Cayman Islands face a potent rival: Cheyenne, Wyoming.
At a single address in this sleepy city of 60,000 people, more than 2,000 companies are registered. The building, 2710...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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Bermuda Stock Exchange-listed BCB Holdings Ltd, a bank based in Belize, suffered a net loss of $7.3 million for the year ended March 31, 2011, down from a profit of $25.9 million for the same period in 2010.
The company made a net loss of seven cents...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) A Citigroup Inc affiliate was served with a summons by the trustee liquidating Bernard Madoff’s firm as part of a lawsuit against so-called feeder fund Kingate Global Fund Ltd, according to a court filing.
Citi Hedge Fund Service...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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The introduction of Alternative Fund Managers Directive (AIFMD) was top of the agenda for Business Bermuda at the Geneva Hedge Fund Re-domiciliation conference for Managers & Funds in Switzerland this week.
The one-day event, which was held at the St...
DATE: Jun 30, 2011
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CATEGORY:
International Business
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NEW YORK (Bloomberg) Cisco Systems Inc has cut its income taxes by $7 billion since 2005 by booking roughly half its worldwide profits at a subsidiary at the foot of the Swiss Alps that employs about 100 people.
Now Cisco, the largest maker of networ...
DATE: Jun 29, 2011
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CATEGORY:
International Business
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Endurance Specialty Holdings CEO David Cash said his company is still very committed to Bermuda and believes that rivals who have redomiciled to Europe may come to regret their moves.
Mr Cash said that while the benefits of doing business in Bermuda ...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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Ace Bermuda is the first company on the island to achieve the Silver status with the globally recognised business development programme, Investors in People.
At an employee reception yesterday at their headquarters, Premier Paula Cox presented the co...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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The next bubble in the financial markets is now being inflated by the extraordinarily low yields on Government debt, according to Schroders’ group chief investment officer Alan Brown.
Large holders of sovereign debt, such as Bermuda insurance compani...
DATE: Jun 28, 2011
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CATEGORY:
International Business
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